SHIB Price Analysis: Shiba Inu Eyes to Break $0.00001240, Is a Bullish Market Ahead?

Are you looking to invest in the SHIB price today? The SHIB price analysis for today, March 13, 2025, on Binance will help make a decision over this as it illustrates vital support areas and resistance zones along with market directional patterns. The price levels have established barriers at $0.00001240 for resistance and $0.00001180 as a strong support zone. The price moved upward from the top resistance until it encountered resistance, forcing the market to pull back toward the support area. Active market consolidation enables traders to move strategically between the mentioned price levels according to the chart data.

SHIB Price Trend: Key Price Levels and Market Trends 

The selling pressure ended at 14:00 UTC with a market peak of $0.00001280 before starting a downward price movement. The SHIB price encountered an obstacle that it could not surpass during this period. During the time period at 03:00 UTC, a low of $0.00001180 occurred because buying activities helped prices rise. The established support area acted as a barrier to stop prices from decreasing more.

Analyzed by baishnabtriparna, published on TradingView on March 13, 2025

Several attempts were made to break through the point at $0.00001240, which formed an additional resistance zone following the price peak at about 14:00 UTC. The market prices decreased slowly before stabilizing close to $0.00001200. SHIB conducted a brief check of the $0.00001200 level at 06:00 UTC before prices demonstrated stability.

SHIB Price Trend with RSI and MACD Indicators

The Relative Strength Index (RSI) operates as a fundamental indicator to recognize market momentum changes. Around 15:00 UTC, the RSI pointed towards an overbought market through its crossing above 70, while the price faced resistance at that time. A price shift reversal had the potential to occur since this marked the beginning of an unknown movement pattern. The RSI dropped to 30 twice during the market trading time at 03:00 UTC and again around 06:00 UTC, showing price oversaturation followed by the return of buying interest. The RSI signals assisted traders in recognizing reversal signals along with the proper timing of their trading positions.

A Golden Cross crossing point between the MACD line and signal line occurred at 06:00 UTC telling traders an uptrend was starting from the $0.00001180 support zone. The price movement crossed higher above the signal line around 06:00 UTC because of an RSI reading in an oversold region, which added strength to the buy signal.

Then, at 15:00 UTC, a Death Cross occurred as the MACD line sank beneath the signal line, which proved the start of an ongoing bearish market trend during price rejection at resistance. The cross marked the first move of a downward trend, which pulled the price in the direction of lower support areas. People who used these MACD crossover signals could make better trading decisions because they received reliable trend shift confirmations.

SHIB Price Today: Trading Strategy Based on Indicators

These price movements have been capitalized through range-bound trading methods adopted by traders. On-price support alignments at $0.00001180 marked good entry points when RSI reached a bearish state, and MACD generated a positive cross formation. Traders have benefited from the sale near resistance at $0.00001240 through a combination of overbought RSI indicator together with the MACD forming a Death Cross.

What’s Next for the SHIB Price Today?

As per the SHIB price analysis for March 13, 2025, trader interest remains high in Shiba Inu because the cryptocurrency maintains a clear trading boundary during which it operates. Multiple significant price insights emerged when traders utilized these technical indicators together, consisting of support and resistance levels, RSI readings, and MACD signals. Traders will keep utilizing technical patterns in their strategies before a breakout takes place. Market participants who match trades to these indicators make better decision choices with enhanced risk control abilities.

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